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Bitcoin holds ground after China voices support for blockchain

Tom Wilson, Reuters
Posted at Oct 28 07:26 PM

Bitcoin held ground on Monday near a one-month high scaled over the weekend after China's President Xi Jinping said the world's second biggest economy should accelerate the development of blockchain technology. Read more »

Xi's pep talk on blockchain lifts Chinese tech shares

Agence France-Presse
Posted at Oct 28 04:26 PM

Dozens of tech shares seen as benefitting from a blockchain boom soared by the 10 percent daily limit allowed on China's main exchanges after Xi made the comments in a meeting of top Communist Party leaders focused on the sector.   Read more »

Facebook's Libra currency 'could undermine ECB': official

Agence France-Presse
Posted at Sep 02 09:32 PM

Central bankers, politicians and regulators around the world are mistrustful of the private digital cash scheme set to launch in the first half of 2020. Read more »

Terrorists turn to Bitcoin for funding, and they’re learning fast

Nathaniel Popper, The New York Times
Posted at Aug 19 02:35 PM

Cryptocurrencies are attractive to lawbreakers because they make it possible to hold and transfer money without a central authority, like PayPal, that can shut down accounts and freeze funds. Read more »

Chinese crypto promoter apologizes after postponing Warren Buffett charity lunch

Reuters
Posted at Jul 25 06:51 PM

Chinese cryptocurrency entrepreneur Justin Sun issued a lengthy public apology on Thursday for the manner in which he promoted his $4.57 million charity lunch with Warren Buffett, raising questions over whether the event will go ahead. Read more »

Bitcoin drops more than 10 percent as scrutiny of cryptocurrencies grows

Tom Wilson, Reuters
Posted at Jul 15 05:34 PM

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook's planned Libra digital coin. Read more »

US Fed calls for Facebook to halt Libra project until concerns addressed

Pete Schroeder and Trevor Hunnicutt, Reuters
Updated as of Jul 11 08:04 AM

WASHINGTON - US Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.   Read more »

Bitcoin's losses grow, recoils 30 percent from 2019 highs

Reuters
Updated as of Jul 03 08:11 AM

Bitcoin skidded as much as 9 percent on Tuesday, falling below the $10,000 mark and pushing losses to over 30 percent since the original cryptocurrency hit an 18-month-high last week. Read more »

Bitcoin seen to sustain rally as Facebook unveils own cryptocurrency

ABS-CBN News
Posted at Jun 26 04:00 PM

Bitcoin is set for a big rally after Facebook's announcement that it would launch its own cryptocurrency, a local fintech startup said on Wednesday.  Read more »

Bitcoin surges above $11,000 thanks to Facebook's currency plans

Agence France-Presse
Posted at Jun 24 08:53 PM

Bitcoin surged to a near 16-month high above $11,000 Monday, overshadowing showings across stock, foreign exchange and commodity markets, with investors looking ahead to the week's G20 summit. Read more »

Facebook's cryptocurrency faces privacy concerns, political backlash

Katie Paul and Anna Irrera, Reuters
Posted at Jun 19 10:11 AM

The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity governing the new digital coin, according to marketing materials and interviews with executives. No banks are yet part of the group. Read more »

BSP urges public: Transact using registered virtual currency exchanges

ABS-CBN News
Posted at Jun 17 12:41 PM

Registered Virtual Currency Exchanges (VCEs) facilitate conversion of virtual currencies to fiat currencies and vice versa, the BSP said in an advisory.    Read more »

Bitcoin tops $8,000 as it hits highest since July 2018

Gertrude Chavez-Dreyfuss, Reuters
Posted at May 14 07:02 AM

There is no real fundamental explanation as to why bitcoin, the original cryptocurrency, hit a 10-month high on Monday. Read more »

Hamas shifts tactics in bitcoin fundraising, highlighting crypto risks - research

Tom Wilson and Dan Williams, Reuters
Posted at Apr 26 03:03 PM

LONDON/JERUSALEM - The armed wing of Hamas is using increasingly complex methods of raising funds via bitcoin, researchers say, highlighting the difficulties regulators face in tracking cryptocurrency financing of outfits designated by some as terrorist groups. Read more »

China wants to ban bitcoin mining

Brenda Goh, Alun John, Reuters
Posted at Apr 09 08:33 PM

China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector. Read more »

Bitcoin soars past $5,000, mystery buyer seen as catalyst

Tom Wilson and Tommy Wilkes, Reuters
Posted at Apr 02 06:39 PM

Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up, with analysts ascribing the move to a major order by an anonymous buyer that triggered a frenzy of computer-driven trading. Read more »

Geek turned Bitcoin baron tracks cryptocurrency's rise and fall

Agence France-Presse
Posted at Mar 13 03:24 PM

Once described as a geek who stuffed himself with snacks in front of his computer, Mark Karpeles rose to head a firm that once claimed to handle 80 percent of the world's bitcoin transactions. Read more »

Police raid ROSES4U Inc. for scamming Malaysians, Europeans

Maan Macapagal, ABS-CBN News
Posted at Feb 12 10:51 PM

The PNP-ACG and the Securities and Exchange Commission raided a company for allegedly operating an online investment scam targeting Malaysian and European investors.  Read more »

Millions in cryptocurrencies frozen after Canadian founder's death

Tyler Choi, Reuters
Posted at Feb 05 11:28 AM

Quadriga founder Gerald Cotten, the only person with the password to the platform, died aged 30 from complications with Crohn's disease while volunteering at an orphanage in India. Read more »

Virtual exchange GOW sees 'real demand' from remittances

ABS-CBN News
Posted at Jan 24 04:53 PM

The demand comes from overseas Filipino workers who are burdened with remittance fees to send money back home. Read more »